Save Article

Romanian Fund to Seek Secondary Listing in London

More Than a Fifth of the $3.26 Billion Fondul Proprietatea Is Owned by Romanians

By

Juliet Samuel

Nov. 5, 2014 5:57 a.m. ET

A Romanian fund set up to compensate victims of communist expropriation is to seek a secondary listing in London.

The €2.6 billion ($3.26 billion) Fondul Proprietatea fund, which is managed by Franklin Templeton Investments, is in the midst of a European roadshow to prepare the ground for a U.K. listing. The fund is already listed in the Romanian capital Bucharest and counts activist hedge fund Elliott Associates, which owns 15%, as its biggest private shareholder.